FORG­ING BONDS IN SOUTH AMER­ICA

Qatar Today - - BUSINESS > OIL & GAS -

Ar­gentina's gov­ern­ment has drummed up in­ter­est from Qatar to help in­crease the coun­try's flag­ging en­ergy sup­plies.

Build­ing closer ties with Qatar is high on the agenda for Ar­gentina's new pres­i­dent, Mauri­cio Macri, said cab­i­net chief Mar­cos Pena in a tele­vised news con­fer­ence a day after a state visit by Qatar. “It's very im­por­tant be­cause [Qatar] is an en­ergy power,” he said. HH Emir Sheikh Tamim bin Ha­mad Al Thani met with Macri in Buenos Aires and his del­e­ga­tion sug­gested it would “start to work as quickly as pos­si­ble” to deepen re­la­tions with Ar­gentina. Oil pro­duc­tion has tum­bledd by 38% since a record 847,000 b/d in 1998, while gas has dropped by 16% from a record 143 mil­lion cu m/d in 2004, lead­ing to short­ages and a surge in im­ports. Qatar has been sup­ply­ing LNG to Ar­gentina over the past few years.

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